Ola’s Bhavish Aggarwal and Sachin Bansal of Flipkart have said that India needs to create a level-playing field for start-ups to compete effectively against global peers. Tiger Global Management owns roughly a third of all Flipkart shares as well as a smaller stake in Ola, but has invested more money in Amazon and Uber. SoftBank Group, Ola’s largest investor, has an indirect but significant exposure to Uber through China’s Didi Chuxing. Tiger Global didn’t respond to an email seeking comment. Tiger Global currently holds 1.38 million shares of US-listed Amazon, according to a February filing with US Securities and Exchange Commission.

Source: Mint March 01, 2017 22:41 UTC